What happens when a seasoned manager doesn't know the difference between being transparent and breaching confidentiality? In a nutshell, you get this: distrust, demotivation and ultimately a failure in leadership.

Envisioning where your company will be in the future is important but the companies that are really great at executing their long-term vision do it 90 days at a time, focusing on bite-size pieces of progress that everyone in the company can understand and work toward collectively.

The life of an entrepreneur is glorified as an intoxicating blend of freedom, flexibility and financial fortune. But the harsh, cold reality is that most entrepreneurs make little money and work long hours that can lead to devastating effects on their health and happiness.